Payson Homes under $500,000

Welcome to Payson, Arizona – a hidden gem nestled in the heart of Gila County, where nature meets community and adventure awaits at every turn. Known for its stunning landscapes and charming small-town atmosphere, Payson is a haven for those seeking a tranquil lifestyle amidst the beauty of the Mogollon Rim. With an elevation of over 5,000 feet, the town offers a refreshing escape from the heat, making it a year-round destination for outdoor enthusiasts.

Payson is surrounded by breathtaking forests, crystal-clear lakes, and winding rivers, providing endless opportunities for hiking, fishing, and camping. The town boasts a rich history and a vibrant arts scene, with local festivals and events that celebrate its unique culture. Whether you're exploring the Tonto National Forest or enjoying a leisurely stroll through the picturesque downtown, Payson is a place where community spirit thrives.

For those looking to make Payson their home, you'll be delighted to discover that the real estate market offers an array of charming homes under $500,000. These properties provide an excellent opportunity for first-time buyers, retirees, or anyone seeking a peaceful retreat. From cozy cabins surrounded by towering pines to modern family homes with stunning mountain views, there’s something for everyone.

Embrace the Payson lifestyle where affordability meets natural beauty. With its welcoming community, outdoor adventures, and homes that fit your budget, now is the perfect time to explore what Payson has to offer. Come experience the magic of this enchanting town and find your dream home today!

Newest Payson Homes under $500,000

$240,000

3 Beds ⋅ 2 Baths ⋅ 7091445 MLS

Affordable Payson home with plenty of space and great outdoor living areas! Located on a cul-de-sac, this 3 bedroom, 2 bath home offers approximately 1520 sqft of living space on a .15 acre lot. Originally built in 1972 , the home has been expanded over the years creating spacious floor plan with room for family, hobbies or a home office. The one car garage provides additional storage and offers a space for a small workshop. Step outside to enjoy the fenced yard along with the front, side and back covered porches offering great space for relaxing, entertaining and enjoying outdoor living. This is a great opportunity for someone looking for an affordable home and a chance to add their own personal touches, or an investment property with rental potential.

905 N William Tell Circle, Payson

$499,000

3 Beds ⋅ 1 Baths ⋅ 7091068 MLS

Step back in time in the heart of Payson with this charming farmhouse situated on over ¾ of an acre in the heart of Payson. Originally built in the late 1940's, in the 1970s, this property was used as a house church, offering additional character and versatility. The main house features 3 bedrooms and 2 bathrooms, along with a large, family-style kitchen that provides plenty of room for gathering, cooking, and entertaining. A wood stove adds warmth and character, while the 16' x 20' loft provides additional flexible space for hobby area, children's play area, sleeping area or whatever suits your needs. Mature pine and oak trees add shade and character to the property. In the spring, a yard filled with beautiful irises creates a wonderful setting for gardening and outdoor projects. The entire property is fenced, making it a great setting for pets and outdoor living. Adding even more potential, the property includes an additional single-wide dwelling, opening the door to a variety of possibilities. Whether you're looking for a permanent residence, long-term rental, or exploring short-term rental opportunities, this property offers flexibility that is increasingly hard to find. The property also offers RV parking and covered wood storage. The existing two-car garage is currently being used as a workshop, but can easily be converted back to a garage if desired. Lightning rods are installed on the roof for added protection. Located in the heart of Payson and zoned R3-MH, this property offers a combination of location, usable acreage, established landscaping, vintage character, and versality that is hard to find. With a bit of updating, its large lot, mature trees, established gardens, multiple living spaces, workshop, RV parking, and numerous possibilities, there is plenty of opportunity to make this property your own. This is a unique property with character, history and potential. Imagine all the possibilities. Property being sold AS IS.

204 W Frontier Street, Payson

$149,900

2 Beds ⋅ 1 Baths ⋅ 7090989 MLS

Affordable FIXER-UPPER opportunity in East Verde Estates, just minutes north of Payson. Situated on a spacious double lot overlooking the valley, this property is ready for someone with a vision to bring it back to life and create their own mountain getaway. The real draw is the location. East Verde Estates is a unique mountain community surrounded by the Tonto National Forest and offers private resident access to the East Verde River. Enjoy cooler temperatures, mountain views, wildlife and outdoor recreation while still being a short drive from Payson. The home needs work and is priced accordingly, making it a great opportunity for an investor, weekend cabin project or buyer looking for an affordable place in the mountains. Opportunities at this price point are hard to come by!

389 N Nellie Drive, Payson

$425,000

4 Beds ⋅ 2 Baths ⋅ 7090981 MLS

Beautiful 4/2 open floor plan, large primary bedroom, screened in back porch/deck. Downstairs cellar. 4 bedroom is smaller, would make a nice nursery room or office. Two great rooms, roof 2023, exterior paint 2023.

705 W Sherwood Drive, Payson

$259,000

2 Beds ⋅ 1 Baths ⋅ 7089785 MLS

Charming Payson bungalow with a convenient in-town location and the beauty of Arizona's Rim Country close at hand. Enjoy an easy walk to restaurants and shopping, plus quick access to the main highways in and out of town. The Mogollon Rim and the mountain communities of Pine and Strawberry are within reach, offering opportunities to enjoy the area's cooler-weather seasons. Whether you're looking for a full-time home, a vacation retreat, or a second home in Arizona's White Mountains region, this 700-square-foot property is a delightful place to start. Set on a 0.16-acre lot, the home features two bedrooms, one full bath, a comfortable living area, and an eat-in kitchen. Recent updates include new hardwood flooring, new cabinetry, and a new tub and surround. Dual driveways provide versati parking, with room to accommodate an RV. An inviting front yard and handy rear storage unit add to the appeal. Ready for its next owner to bring their finishing touches and make it their own.

708 N Manzanita Drive, Payson

$279,000

2 Beds ⋅ 1 Baths ⋅ 7089404 MLS

Rare opportunity to own a home backing directly to National Forest! This 2-bedroom, 1-bath Payson home offers a peaceful setting with the forest right outside your backyard. Features include a walk-in pantry, lower-level laundry and storage area with separate exterior access, replaced exterior stairs, newer storage shed and roof. The home is ready for someone with a vision and is priced with its condition in mind. With some updating and repairs, this property offers great potential as a full-time residence, mountain getaway, or investment. Enjoy privacy, beautiful surroundings, and the outdoor lifestyle of having National Forest as your neighbor!

506 N Bobby Jones Drive, Payson

$62,500

1 Beds ⋅ 1 Baths ⋅ 7088828 MLS

Welcome to your own mountain escape in the desirable Sky Run Resort community in Star Valley (55+ community)! This charming 1 bedroom, 1 bathroom home offers the perfect blend of comfort, relaxation, and breathtaking scenery. Step out onto the spacious Trex deck and take in the incredible mountain views while enjoying Payson's cool mountain air and peaceful surroundings. Whether you're sipping your morning coffee or unwinding after a long day, this outdoor space is designed for relaxing and soaking in the beauty of Rim Country. Inside, the home features vaulted ceilings, natural light, and a cozy, low-maintenance layout that makes it ideal as a full-time residence, weekend getaway, or seasonal retreat. Located in the heart of Arizona's mountain country, Sky Run Resort offers easy access to hiking, fishing, off-roading, and all the outdoor recreation Payson is known for. Enjoy being just minutes from town while still feeling tucked away in the pines with stunning hillside views all around you. *Home comes furnished with what is currently in the home*

93 N Sky Run Lane Unit 21, Payson

$360,000

3 Beds ⋅ 2 Baths ⋅ 7088207 MLS

Clean all electric 3 bedroom, 2 bath home featuring a desirable split floor plan with comfortable living spaces and plenty of functionality. Step outside to the private backyard, fully fenced with a wood privacy fence and featuring a nice back patio perfect for outdoor dining, relaxing, or entertaining. A gazebo offers another great space to unwind, while three sheds provide ample storage. The property also includes a nice sized workshop, ideal for hobbies, projects, or extra workspace. A carport provides convenient covered parking. This home offers a great combination of comfort, privacy, storage, and outdoor living space.

2003 N Fredanovich Circle, Payson

$265,000

3 Beds ⋅ 2 Baths ⋅ 7088199 MLS

Welcome to comfortable, turn-key living in the highly desirable Woodland Meadows community! Offered fully furnished, this 3-bedroom, 2-bathroom home features a fully turn-key interior--just bring your toothbrush! With a little exterior maintenance and personal touch, this home will shine bright while giving you instant equity in a great neighborhood. Interior Features: Split Floor Plan: Thoughtful layout offering maximum privacy between the primary suite and guest bedrooms. Fully Furnished: Move right in! Beautifully decorated and completely furnished for immediate turn-key comfort. Bright & Functional Living Space: Welcoming main living areas designed for easy everyday living and entertaining. Exterior & Workshop Features: Screened-in Porch: Relax year-round in your priv enclosed porch--ideal for morning coffee or cool mountain breezes. Fenced Yard & Dog Run: A fully fenced backyard complete with a dedicated dog run for your four-legged family members. Extended Garage: A 1-car garage featuring an extended workroom/shop area--perfect for hobbies, tools, and extra storage. Value Potential: Needs just a touch of exterior maintenance/minor deferred upkeep--a fantastic opportunity to build quick sweat equity!

117 N Lakeshore Road, Payson

$390,000

3 Beds ⋅ 2 Baths ⋅ 7087013 MLS ⋅ 1,595 SqFt.

Nice 3-bedroom site-built home located in a lovely, established Payson neighborhood. This home features a split floor plan with an open great room layout and a comfortable, functional design. An additional room off the back of the home provides flexible space that could be used as an enclosed porch, hobby or craft room, or additional sitting area. Enjoy the fenced backyard and private covered patio--perfect for relaxing or entertaining. Home is being offered in its current 'as-is' condition.

606 N Blue Spruce Road N, Payson

$390,000

3 Beds ⋅ 2 Baths ⋅ 7086677 MLS ⋅ 1,664 SqFt.

Beautiful cabin home nestled on desirable private lot in ''Woodland Meadows'' located in Payson, AZ. This home incorporates a subtle balance of contemporary finishes with a modern design. This home offers 3 bedrooms, 2 bath(s), an open concept [1,664 sq ft] floor plan, upgraded kitchen w/ raised panel cabinetry, granite counter tops, well maintained appliances, gas cooking, and pantry. Additional home details will also include upgraded vinyl flooring, a dedicated dining space, great room living room space, modern plumbing/lighting fixtures, ceiling fans, and lots of windows offering great natural light throughout the living spaces. The master retreat boasts a spacious sleeping quarters, dedicated vanity, large step-in shower, and a walk-in closet. Lastly, the home features a large.. mud/laundry rooms, a 2-car garage, covered porch space, and a private back yard offering low-maintenance landscaping--perfect for entertaining family and friends. Woodland Meadows offers residents lots of scenic walking paths, forest views, and is within close proximity to dining, shopping, and entertainment in downtown.

104 N Lakeshore Road, Payson

$285,000

2 Beds ⋅ 2 Baths ⋅ 7086262 MLS ⋅ 1,280 SqFt.

SINGLE-LEVEL PAYSON HOME! This charming 2-bedroom, 2-bath home offers 1,280 square feet of comfortable single-level living. The open floor plan features a spacious living and dining area with a cozy woodstove, plus an open kitchen with plenty of room for everyday living and entertaining. Enjoy the outdoors from the covered side deck or open front deck, with a fenced yard providing a great space for pets, gardening, or relaxing. Additional features include a single carport and a convenient storage room. A great opportunity for a full-time residence, weekend getaway, or investment property in Payson!

607 E Drowsey Circle, Payson

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